XML 33 R20.htm IDEA: XBRL DOCUMENT
v3.7.0.1

RESTRUCTURING CHARGES | 12 Months Ended
--- | ---
Jun. 30, 2017
Restructuring and Related Activities [Abstract] |
RESTRUCTURING CHARGES | NOTE 12: RESTRUCTURING CHARGES During fiscal year 2017 and 2016, Adtalem recorded restructuring charges related to real estate consolidations and reductions in force (“RIF”) at DeVry University, Carrington and at Adtalem’s home office, and the wind-down of the administrative support operations of the medical and veterinary schools. Adtalem’s home office is classified as “Home Office and Other” in “Note 17: Segment Information” to the Consolidated Financial Statements. RIF charges, which reduced Adtalem workforce by 332 and 761 total positions in the fiscal years 2017 and 2016, respectively, represented severance pay and benefits for these employees. Pre-tax restructuring charges by segment were as follows (in thousands):
|  | Year Ended June 30, 2017 |  | Year Ended June 30, 2016 |
|  | Real Estate |  | Termination Benefits |  | Total |  | Real Estate |  | Termination Benefits |  | Total |
Medical and Healthcare |  | $ | 1,884 |  | $ | 698 |  | $ | 2,582 |  | $ | 665 |  | $ | - |  | $ | 665 |
Professional Education |  |  | - |  |  | - |  |  | - |  |  | 1,183 |  |  | - |  |  | 1,183 |
U.S. Traditional Postsecondary |  |  | 12,538 |  |  | 4,315 |  |  | 16,853 |  |  | 48,244 |  |  | 23,614 |  |  | 71,858 |
Home Office and Other |  |  | 7,858 |  |  | 2,532 |  |  | 10,390 |  |  | - |  |  | 519 |  |  | 519 |
Total |  | $ | 22,280 |  | $ | 7,545 |  | $ | 29,825 |  | $ | 50,092 |  | $ | 24,133 |  | $ | 74,225 |
The following table summarizes the separation and restructuring plan activity for the fiscal years 2017 and 2016, for which cash payments are required (in thousands):
Liability balance at June 30, 2015 |  | $ | 26,992 |
Increase in liability (separation and other charges) |  |  | 67,495 |
Reduction in liability (payments and adjustments) |  |  | (46,264) |
Liability balance at June 30, 2016 |  |  | 48,223 |
Increase in liability (separation and other charges) |  |  | 27,620 |
Reduction in liability (payments and adjustments) |  |  | (29,728) |
Liability balance at June 30, 2017 |  | $ | 46,115 |
Of this liability balance, $15.4 million is recorded as Accrued Expenses and $30.7 million is recorded as Deferred Rent and Other Liabilities on the Consolidated Balance Sheet at June 30, 2017. These liability balances primarily represent rent accruals and costs for employees that have either not yet separated from Adtalem or their full severance has not yet been paid. All of these remaining costs are expected to be paid over the next 12 months except for rent charges, which may be paid out for periods of up to 8 years.

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration